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Finance / Financial condition assessments

Financial condition assessments

Raftelis has extensive experience helping local governments and utilities assess their short-term and long-term financial condition and prioritize the revenue, expense, and operational changes necessary to ensure financial and operational sustainability.

We apply detailed and customized financial modeling and econometric techniques to project financial condition based on known factors and available data, such as collective bargaining agreements, community and economic development trends, population dynamics, and applicable historical financial trends.

These projections assume continuation of present and obligated levels of operations and current revenue patterns and identify how the trends could change based on potential environmental and operational factors. In addition, our model dashboards give an immediate and interactive depiction of various scenarios and decisions your organization may face and provides improved clarity in a simple and unified picture that everyone can see. Our process provides you with the ability to make decisions with better perspective and to tell the story of your financial condition under various service level scenarios.

Case Studies

City of Dayton

Raftelis staff have served as the Interim Chief Financial Officer for the City of Dayton (City) Utility Department. We completed cost-of-service studies to assist the City develop long-term financial plans, update its user fees, identify the cost of providing service to outside-city jurisdictions, and develop cost allocations for inside- and outside jurisdictions. We completed a benchmarking and competitiveness assessment for the City of Dayton organization to identify opportunities for improvement. Lastly, Raftelis assisted the City in supporting negotiations for a long-term contract with Dayton’s suburban customers.
Case Studies

City of Memphis

Raftelis is completing a solid waste rate study and service delivery model examination for the City of Memphis (City) Solid Waste Management Department (Department). The Department is experiencing increased costs and will be facing a revenue shortage and depletion of reserves in the near future as a result. Raftelis worked with City staff to examine costs and develop rates to increase revenue while also providing options for an increase in service level.
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Understanding EPA’s Financial Capability Assessment Guidance

In February 2023, the U.S. EPA finalized and released its Clean Water Act Financial Capability Assessment (FCA) Guidance, which is used to consider the economic impacts of Water Quality Standard decisions and negotiate implementation timelines for sewer permits and enforcement agreements.
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